A couple of (legal) ways to gain some extra money when emigrating
#16
Re: A couple of (legal) ways to gain some extra money when emigrating
Really great thread Buzzy, thank you
#17
Re: A couple of (legal) ways to gain some extra money when emigrating
2. Choose to shop at places that participate in the VAT refund scheme. If you are leaving the country for ever, anything you buy in your final 3 months in the UK from a shop participating in the VAT refund scheme is VAT-free, provided you take it with you when you go. I bought a heap of stuff from M&S, new work suit, shirts, even socks and pants. You then fill in one of their refund forms, they give you a stamped receipt. Here's the trick - you then present this at the VAT refund counter at Heathrow and they will give you all the VAT back in cash, any currency. In our case they did not ask to see proof that we were exporting the goods.
Does this apply only to goods that you take to the airport or could you, say, buy a fridge from M&S and take the receipt to the airport for a refund?
Does this apply only to goods that you take to the airport or could you, say, buy a fridge from M&S and take the receipt to the airport for a refund?
Cheers
Steve
#19
Pass The Post
Joined: Mar 2003
Location: Ping Ponged York via Melbourne and now pinged to Ferny Hills, Brisbane
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Re: A couple of (legal) ways to gain some extra money when emigrating
I knew about most but not the VAT free stuff. Wish I had known that at the time. Are you able to get your VAT back when you are there on holidays too I wonder? Missed out there I think
Oh well live and learn
Jo
Oh well live and learn
Jo
#20
Victorian Evangelist
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Location: Melbourne, by the beach, living the dream.
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Re: A couple of (legal) ways to gain some extra money when emigrating
BB
#21
Re: A couple of (legal) ways to gain some extra money when emigrating
We had to show our Australian passports at Heathrow to get the VAT refund - I would have thought that a UK one wouldn't cut the mustard.
#22
Home and Happy
Joined: Dec 2002
Location: Keep true friends and puppets close, trust no-one else...
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Re: A couple of (legal) ways to gain some extra money when emigrating
I think you can, as long as you are taking them with you. You can't send them in advance and have to prove that you don't live in the UK (according to M&S when I asked them ages ago)
#23
Re: A couple of (legal) ways to gain some extra money when emigrating
1. Work out how much tax in total you will have paid on the date you emigrate by looking at a pay slip and multiplying the tax by the number of months of the tax year you will have worked (assuming you get paid the same each month).
2. Then look up the income tax threshholds for the tax year you are emigrating in. Work out the total you will have earned in the tax year you are emigrating in by multiplying your gross pay by the number of months in the tax year until you emigrate. Then apply that total to the income tax thresholds to get the amount of tax you should have paid.
The rebate will be approximately the answer to 1 minus the answer to 2.
BB
2. Then look up the income tax threshholds for the tax year you are emigrating in. Work out the total you will have earned in the tax year you are emigrating in by multiplying your gross pay by the number of months in the tax year until you emigrate. Then apply that total to the income tax thresholds to get the amount of tax you should have paid.
The rebate will be approximately the answer to 1 minus the answer to 2.
BB
Tax threshold in the UK is currently £6,475 for anyone wanting to know. I will be owed a nice amount, plus the extra of untaken holiday pay from my work when I leave, this is looking to be a lovely little bonus!!!
#24
Re: A couple of (legal) ways to gain some extra money when emigrating
Course now that I mentioned getting a refund on your TV licence I've realised that we pay ours monthly so we won't be entitled to a refund!!
But hopefully it'll be useful for someone else...
Tx
But hopefully it'll be useful for someone else...
Tx
#25
Re: A couple of (legal) ways to gain some extra money when emigrating
One question I'd like to ask regarding the P85 tax refund...
If one was to return to the UK before the start of the next tax year, and gain employment, would they have to pay the refunded tax money back? Or would they just be on a stupidly high tax code for the rest of the year?
If one was to return to the UK before the start of the next tax year, and gain employment, would they have to pay the refunded tax money back? Or would they just be on a stupidly high tax code for the rest of the year?
#26
Forum Regular
Joined: Jun 2006
Posts: 155
Re: A couple of (legal) ways to gain some extra money when emigrating
Even if you pay monthly you will get some refund because you pay in advance for half of your next licence.
#29
Re: A couple of (legal) ways to gain some extra money when emigrating
I've had VAT refunded a couple of times and I only have a British passport.
Cheers
Steve
#30
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Re: A couple of (legal) ways to gain some extra money when emigrating
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